Nevada's Gaming Control System

The Las Vegas and Atlantic City locations have lost revenues in recent years. In addition to the economic slowdown, these gambling locations are also facing new competitors in the market that are providing attractive choices to the customers. Though there are some external forces beyond their control, it seems that attractiveness and accessibility are very important focus areas for these cities.

The growing industry of gambling creates revenue from taxes, but is it really profitable? Smith-Christopher claims “the total amount accounts for less than a quarter of the gambling industry revenues nationwide each year.” It can be said that gambling can help economic progress, “Nearly half of all tribal gaming enterprises earn less than $10 million in annual revenue, and one-quarter earn less than $3 million each year. On the other end of the spectrum, about 40 tribal casinos (or about 1 in 10) take in two-thirds of all Indian gaming revenues” (Smith-Christopher). The economic benefits that gambling creates may outweigh the addictions it may create. Walker claims, “As gambling expands, the gambling industry and government are beginning to

c. Strict controls over credit issuance. It has 3 parts and all these documents contained a check number, customer number, shift, pit number, type of table game, table number, date and time, and the approved dollar amount, in addition to the required employee signatures and ID number. This control was designed to address the problem that the casino fails to collect the unpaid markers and it can make sure the collectability of the markers.

With the Corporate Gaming Act of 1969, Las Vegas began a slow transition towards “respectability.” Gambling in Las Vegas was gaining in popularity in the 1950’s and 1960’s, but the mob presence itself was preventing Las Vegas from attracting the necessary outside funds to turn it into a dominant Metropolis (204). “Nevada seemed to be shedding this image in favor of the many new family-oriented “theme resorts” that were being built, especially in Las Vegas (204). Then there’s The Rat

Answer: Gaming law is the set of rules and regulations that apply to the gaming industry. Owner must have a proper license to provide gaming facility. Employees must have an appropriate license and training to deal with the customer. Employees must be free from any criminal background. Warning signs of risk of gambling must be displayed clearly. All gambling activities must be recorded in case of any problem. Minors are neither encouraged to gamble nor allowed to do so. All machines should be working honestly.

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Gaming revenues for Native Americans have greatly increased since the passage of the Gaming Regulatory Act in 1988 (Anderson, 2013). The rise has been especially steady over the last 10 years, even with the bad economy, as the revenue went from $22.6 billion in 2005 to $28.5 in 2014 (NIGC, 2015). Many in society think Native Americans are getting rich and are in much better shape because of these casinos. Some studies even how tribes are in much better shape. The Great Smoky Mountains Study showed a $6,000 increase

The 9th Circuit Federal Court recently affirmed a district court case that upholds an ATF interpretation on medical marijuana card holders and the purchase of firearms. The court’s decision makes it illegal for an individual to possess, transfer, or purchase firearms if they hold a medical marijuana card.

Gaming has been a large part of Nevada’s history, and has become an even larger part of our economy. In the early years of state hood Nevada struggled with the question of whether or not gaming should be legal. We see the first government involvement in the industry in 1864, before Nevada was even a state. The territorial legislature of the time outlawed any game of chance. In order to enforce the ban penalties were to be levied on anyone caught playing any game of chance. It is not until 1869, 5 years later, that we see certain forms of gaming become decriminalized. From 1869 to 1911 these games of chances remained legal, and the government played a minimal role in the regulation or control of the industry. Once again, in 1911 a progressive movement succeeded in criminalizing gaming in Nevada once again. Gaming would remain legal in Nevada up until the aftermath of the great depression in 1931. (Gamig history website)

The development of tribal casinos or what is commonly referred to as organized gambling can be credited to Native American reservations. Gaming operations have brought phenomenal success to many native tribes in America, and there has been a new dimension to the existing debate regarding Native American sovereignty in organized gambling. There are over 310 casinos ran by about one-third the nations federally recognized tribes, and generate around $10 billion in revenue which is one-sixth of all revenue generated through legal gaming in the country (Evans, Topoleski, 2002). Many of the tribes are now able to provide for themselves essential services rather than wait for the government. However, most

--Company performs its own employment screenings, independent of the registration process. The intent is to check background and to avoid hiring people involved in crime, violations. --Licensing of casino personnel so this will ensure that the right person is employed and those who fails the registration process is not employed by casino company. --Training and retaining well qualified employees to ensure that the right type of people is employed: Company provides extensive further training to employees to standardize its activities. Cultural controls (exist to shape organizational behavioral norms and to encourage employees to monitor and influence each other's behaviors): --Controls were legally mandated because the gaming industry is highly regulated. Companies have to maintaining its licenses and paying gaming taxes to be allowed to continue operations. --Company is operating in highly competitive environments and competing against other companies. They were required by regulations to report suspicious activities related to money laundering and report any cash transaction in excess of $10,000. Results controls (Policies and procedures that help ensure management directives are carried out to achieve the desired result. It involves rewarding individuals for generating good

In the early 1930s, gambling was legalized throughout the state of Nevada and casinos began to flourish (Dunstan, 1997). The economic growth in Nevada, especially the city of Las Vegas, has improved tremendously by the creation of casinos. Many people were employed since the operation of casinos requires a huge amount of labor, skill, and expertise. In addition, local retail sales also increased from casinos when gamblers visit the stores to spend their winnings on various items and products (Garrett, 2003). As a result, many state governments began to legalize casinos in order to boost their economies and increase employment. As of today, there are roughly 1500 casinos in the United States and they generate almost 65 billion dollars in revenue (“Facts on U.S Casinos” 2013). However, casinos use immoral methods to achieve this incredible feat of big profit with few government interventions. While the city of Las Vegas becomes more prosperous than before, many citizens lose their fortunes or even lives by the immoral business practices implemented by the casinos. Even though the

There is a steady growth rate in gaming revenues taking effect in the casino industy around the United States. A number of factors are tied into the increase including new entrants to the casino industry and rival casino expansions. Through aspects of Porter’s Five Forces Model of Industry Competion: Rivalry among existing firms, the threat of new entrants, and the threat of substitues, this case analysis addresses key problems the casio industry is facing and implements stratiges they may use to tackles thoses issues. In addition, SWOT analysis (Strengths, Weaknesses, Opportunites, and Threats) will be used to facilitate the discussion.

The board acknowledges the diverse nature of regulatory framework in developing concrete and uniform standards. These standards help in proposing and clarifying a complete guidance as well as demonstrating the understanding of complex issues in accounting. Moreover, help in demonstrating advanced knowledge in the application of accounting standards in the preparation and analysis of financial statements.

     Casinos are tough and competitive markets that strive to out do one another in promotions, amenities and overall design. A critical analysis of the considerations taken when designing a casino can be broken down into the theoretical forces of psychology, that include motivational, cognitive, perceptual and social influences. In this examination I will determine the aspects of design that should be taken into account to create a successful operation.